Investing.com - VF (NYSE:VFC) reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
VF announced earnings per share of $0.1 on revenue of $2.10B. Analysts polled by Investing.com anticipated EPS of $0.24 on revenue of $2.46B. That with comparison to EPS of $0.56 on revenue of $3.21B in the same period a year before.VF had reported EPS of $1.23 on revenue of $3.38B in the previous quarter.Analysts are expecting EPS of $-0.24 and revenue of $1.59B in the upcoming quarter.
VF shares are down 44.37% from the beginning of the year and are trading at $55.44 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.09% year to date.
VF follows other major Consumer Cyclical sector earnings this month
VF's report follows an earnings missed by Toyota Motor ADR on Tuesday, who reported EPS of $0.43 on revenue of $66.21B, compared to forecasts EPS of $0.75 on revenue of $64.05B.
Tesla had beat expectations on Wednesday, April 29, 2020 with first quarter EPS of $1.24 on revenue of $5.99B, compared to forecast for EPS of $-0.28 on revenue of $6.11B.
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